“Each standard outlet would cost RM1mil while the one with drive-through facility would be around RM3mil so it seems.
Currently, the company has a total of 515 outlets nationwide.
Internationally, another nine outlets will open in India by year-end from the existing eight outlets there.
Contribution from India is still be insignificant to the company's earnings this year as KFC have just started there about eight months ago.Currently positive contributions come from Singapore and Brunei.
KFC is currently not impacted by the rising poultry price as the group is involved in integrated poultry business where chickens were bought at a fixed margin.
KFCH is 50.6% owned by QSR which in turn is 57.5% controlled by plantation company, Kulim. Joho Corp holds 53% of Kulim.
JCorp is a public enterprise entity controlled by the Johor state with more than 280 companies under its stable and eight publicly-listed companies with businesses like oil palm plantation, healthcare, food and poultry in Malaysia and overseas.
JCorp, which was saddled with debts totalling more than RM6bil as at Dec 31, 2009, has been in the media limelight lately. Some RM3.6bil is due for repayment next year.JCorp had been reported as saying that it would not embark on any “fire-sale” involving the sale on any of its prize assets for its bond redemption.
It was said to be in the midst of evaluating ways to ensure the redemption of the bonds including the disposal of land it directly owned to settle the debts.
Do you think Johor Corp will dispose QSR and KFC and yet have indirect ownership?
That will be one finger-licking proposition,wouldn't it?
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